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Michael Madsen

In Debt to the Rich & Famous

6/24/2009 2:45 AM PDT BY TMZ STAFF

Michael MadsenNothing ruins a good friendship like money -- so it's safe to say Pierce Brosnan and Quentin Tarantino won't be talking to Michael Madsen anytime soon.

Seems Madsen is in debt to both guys big time. According to bankruptcy documents Madsen filed earlier this month, he owes $25,000 to 007 -- but he's into QT for a cool $1 million!

Pierce and QT shouldn't hold their breath while they wait for the "personal loans" to get paid back -- Madsen is almost a total of $4 million in the hole, and the docs say his net monthly income is $-3,392.

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